Who knows.....
At the end of the NYSE session crypto dumps.
Who actually knows why...
It could be the Middle East.
It could be insider trading and manipulation.
If i was to guess it’s because insiders have information about earnings coming out tomorrow, most importantly Nvidia.
Stocks, commodities have reacted mostly as predicted to economic news or data in the last 2 days, crypto just gets manipulated over and over again by the largest holders.
Another day of 300m+ liquidations.
Many of you feel trapped, you are down, Spot doesn’t offer you the fast route back to break-even or profits in Crypto.
Today is another prime example of why it is near impossible to beat futures trading as an average retail investor, to trade futures you need to be constantly up to date with everything and it all becomes irrelevant if the whales move in a certain direction.
If you are down it is time to cut your losses and accept the road back will be hard and will rely solely on your patience and self-control.
I study the markets daily and I can’t predict the controlled dumps that happen in crypto, the reality is the only people who can predict them are the people who are responsible for them.
Tomorrow after NY market close the Nvidia earnings will come out, Nvidia is priced to perfection and is responsible for a huge amount of gains across the stock market indexes.
These earnings will effect crypto price, i imagine they are already responsible for some of the current price action.
I have no idea how much or in which direction they will push the crypto market, it will once again come down to the decisions of massive holders and holders with huge leveraged positions across AI/Tech stocks and crypto.
The same people who crashed the market with the Yen carry trade unwind.
“On a long enough timeline, the survival rate for everyone drops to zero.” - Fight Club
“On a long enough timeline, the survival rate for every highly leveraged crypto trader drops to zero.” - Wolf
Trade Safely
Peace